Latest Forex Research

USD/JPY Analysis

USD/JPY started at Y119.69 after chopping around a NY range of Y117.95 to

AUD heading into Europe on the day’s highs after earlier weakness on the back of poor data out of China,

Total housing lending increased by 1.0% in October to be 19.8% higher over the year.

Consumer sentiment plunged by 5.7% in December to its lowest level since August 2011.

The NZD has strengthened along with all of its peers, relative to a weak USD overnight.

Risk aversion is rising, as global growth fears (ex U.S.) escalate and oil prices fall to fresh 5 year lows.

The euro is probably short term technically oversold and in need of a temporary recovery

Like the Euro, the Swiss is getting a short covering bounce and

Down-trend channel resistance is seen up at 83.94 and that resistance line falls down to 83.75 on Wednesday.

The Dollar has lost some favor as foreign investors might be a little concerned with the “richness”

The Canadian action in the face of a correction in the Dollar is telling.

Even with the Dollar a little off balance, the Pound hasn’t been able to capitalize.